Tag Page LakeForest

Lake Forest’s $25M mansion price drop stirs buzz

A $2.5 million price cut just hit Lake Forest’s 15,000-square-foot Italianate mansion on Circle Lane, now listed at $25 million—still the priciest home on the Chicago market. This estate, with 570 feet of private Lake Michigan shoreline, a boathouse, pool, spa, and a garage for 22 cars, is turning heads across the North Shore. The price trim is more than just a number; it’s a signal that even the ultra-luxury market is shifting. Is this a sign of changing tides for high-end real estate, or just a one-off? What do you think this means for the North Shore? #RealEstate #LakeForest #LuxuryRealEstate